Beneficial Occupancy definition

Beneficial Occupancy means the condition after Substantial Completion but prior to Final Completion of the Project at which time the Project, or portion thereof, is sufficiently complete and systems operational such that the Owner could, after obtaining necessary approvals and certificates, occupy and utilize the space for its intended use. Guarantees and warranties applicable to that portion of the Work begin on the date the Owner accepts the Project, or a portion thereof, for such Beneficial Occupancy, unless otherwise specified in the Supplemental General Conditions or by separate agreement.

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Beneficial Occupancy means when the City takes possession of and operates the Work (or portions of the Work) for its intended purposes.

Beneficial Occupancy means HACLA’s right, at its option and convenience, to occupy or otherwise make use of all or any part of the Work, at any time prior to Substantial Completion, upon 7 days’ notice to Contractor.

Examples of Beneficial Occupancy in a sentence

• The Interim Agreement and any Previous Agreements are hereby terminated as of the Date of Beneficial Occupancy.

• Where the Owner agrees to take Beneficial Occupancy of a portion or phase of the Work which has been determined to be substantially complete before the entire Work is finally completed, the guarantees for the materials, equipment and workmanship in that portion or phase shall begin on the date that the Owner takes Beneficial Occupancy, unless otherwise specified in the Supplemental General Conditions, Special Conditions, or by separate agreement.

• To exercise the extension option, the Company must provide written notice to the City not less than ninety (90) days prior to the tenth (10th) anniversary of the Date of Beneficial Occupancy.

• The initial term of this Agreement shall commence on the Date of Beneficial Occupancy.

• The Owner at its sole discretion may, after obtaining the necessary approvals and certificates, take Beneficial Occupancy at this time or choose to wait to occupy until after Final Completion is achieved.

More Definitions of Beneficial Occupancy

Beneficial Occupancy means the date Concessionaire Tenant commences full business operations.

Beneficial Occupancy means the stage of construction before Final Acceptance at which the Lessee does occupy the building, structure or facility, or a portion thereof, for the purpose it was constructed.

Beneficial Occupancy means the utilization by Ordering Company of Work constructed by Supplier before Final Acceptance.

Beneficial Occupancy means the City’s occupancy or use of any part of the Work in accordance with Article 9.

Beneficial Occupancy means the date an agency can take possession of or occupy a facility for its intended purpose.

Beneficial Occupancy. City's right, at its option and convenience, to occupy or otherwise make use of all or any part of the Work prior to either Substantial Completion, Final Completion, or Acceptance. BRIDGING DOCUMENTS: The preliminary design or performance specifications and drawings plans provided by the City’s Design Consultant and made part of the ContractDocuments. CERTIFICATE FOR PAYMENT: The form for approval by the Construction Manager of DBE's Application for Payment. CHANGE: Additions, deletions, or other modifications to the Work, which may or may not involve Extra Work and which may or may not involve an adjustment (increase or decrease) to the Contract Sum or the Contract Time under the terms of the ContractDocuments.

Beneficial Occupancy has the meaning set forth in Section 5.8(G) hereof.